Renren Announces Signing of Amendment to Stipulation of Settlement Regarding Shareholder Derivative Litigation

PHOENIX, May 28, 2022 /PRNewswire/ — Renren Inc. (NYSE: RENN) (“Renren” or the “Company“), a SaaS company, today announced that it has entered into an Amendment (the “Stipulation Amendment”) to the Stipulation of Settlement reached on October 7, 2021 (the “Initial Stipulation,” together with the Stipulation Amendment, the “Stipulation“). Capitalized but undefined terms used herein shall have the same meanings ascribed to them in Exhibit 99.1 of the Form 6-K furnished by the Company to the Securities and Exchange Commission on October 8, 2021.

The Court declined to approve the Initial Stipulation by order dated December 10, 2021, raising concerns about (i) certain objections raised as to the recipients of the settlement funds, (ii) the amount of requested attorneys’ fees, and (iii) the reversion to Renren of any remaining settlement funds. On May 27, 2022, Plaintiffs and Defendants, after additional negotiations, reached an agreement on certain modifications to the Initial Stipulation, including the definitions of “Final,” “Settlement Amount” and “True Up,” as well as a modification to the reversion provision, which provides for the distribution of remaining settlement funds. Plaintiffs and Defendants entered into the Stipulation Amendment with the purpose of reaching a new overall settlement of the entire Action (the “Settlement“).

As the Settlement remains subject to approval by the Court and the fulfillment of other conditions set forth in the Stipulation, which involve inherent risks and substantial uncertainties, there is no guarantee that the Settlement will be consummated as contemplated under the Stipulation or at all.

The foregoing summary of the Stipulation Amendment is qualified in its entirety by reference to the complete text of that document, which will be filed as an exhibit to the Form 6-K that the Company intends to promptly furnish to the Securities and Exchange Commission thereafter, attaching this press release as an exhibit thereto.

About Renren Inc.

Renren Inc. (NYSE: RENN) operates several U.S.-based SaaS businesses including Chime, an all-in-one CRM and sales acceleration platform designed to help real estate professionals close more deals faster, and Trucker Path, a suite of applications and dispatch services commercial truck drivers use to plan trips, navigate, and operate their business. Renren’s ADSs, each currently representing 45 Class A ordinary shares of the Company, are traded on NYSE under the symbol “RENN”.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Renren may also make written or oral forward-looking statements in its filings with the U.S. Securities and Exchange Commission (the “SEC“), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Renren’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, which could cause actual results to differ from the forward-looking statements. In particular, as the proposed Settlement is contingent upon, among other things, obtaining the necessary court approval, the Company cautions investors that the forward-looking statements included in this press release are not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Further information regarding these and other risks is included in our annual report on Form 20-F and other documents filed with the SEC. All information provided in this press release is as of the date of this press release, and Renren does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

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Source: Renren Inc.

ADO ebike Laboratory has been certified as “QTL Laboratory” by SGS

HUIZHOU, China, May 28, 2022 /PRNewswire/ — On May 27th, A DECE OASIS(ADO) ebike laboratory passed the internationally recognized organization SGS qualification as “QTL laboratory” certification! This is undoubtedly a breakthrough achievement and this is a new chapter for ADO right after the 1st anniversary ceremony.


The laboratory is about 3,300 square meters located in south of Huizhou, with a total investment of 15 million RMB .The ADO Laboratory is committed to research new technology for building a better electric bike, also incubating leading innovative products. However, SGS advanced testing technology would definitely benefit on upgrades the quality of products, enhance the product research ability, and technological innovation ability in the electric bike industry as well .

This certification is a recognized benchmark for quality and integrity. It provides comprehensive testing in accordance with EU, Canadian and other standards and issues widely recognized authoritative testing reports. It is the only leading brand designated by many notaries.

ADO’s DECE series products have passed SGS CE certification. However, the ADO laboratory has already met the SGS facility requirements and has many advanced testing instruments that can handle testing items such as comprehensive support for new product testing, component testing, electrical system safety assessment, and mechanical fatigue testing. It will cover functional testing of product, mechanical, material, strength properties, etc.

As of today, ADO has more than 16 patents and 6 software copyrights, and developed the ADO G-Drive dual-mode control system, forming a differentiated competitive advantage in product performance. Now, with the support of SGS, CE certification and QTL laboratory certific ation, it means that ADO has an international leading edge in product quality and specifications.

“We hope that ADO will become the best choice of pedelec for daily short trips to everyone”, to provide the best to their daily commute, to provide consumers with safe and reliable commuting experience; our users will get more happiness of life, to achieve more possibilities of life. This is the belief of ADO founder Mr. Sen.

ADO always puts users first, insists on product quality and service, and is committed to building an ebike community with full of love and growth. With the strategic goal of building a global brand of technological innovation in the pedelec vertical industry, the dream has come true and become a global trustworthy brand from China as “Crescent Moon Spring”.

www.adoebike.com

Facebook: https://www.facebook.com/Adoebike

CONTACT: Amy Wang, marketing@adoebike.com

Fanttik Anniversary Sale Offer Discounts with Unparalleled Giveaways

HOUSTON, May 28, 2022 /PRNewswire/ — Fanttik, the young and fast-growing automotive accessories brand kicks off its 2nd Anniversary Sale Event on Amazon and Fanttik.com today (May 27, 2022). The extravaganza will run for one month sale till June 27, 2022. During the sale, Fanttik is offering the biggest ever discounts on tire inflators, jump starters, power stations, and more. Owing to immense consumer appreciation and a myriad of international awards, Fanttik is giving back to the community during the sale by also organizing an unprecedented giveaway where the winners will win DJI and iPhone 13 by lucky draw every week.

FANTTIK DAY DEALS 5/27-6/27
FANTTIK DAY DEALS 5/27-6/27

Fanttik Anniversary Sale: Massive 50% discount on inflators and jump starters

From Friday, May 27 to Monday, June 27, those who shop on Fanttik Website and Amazon get up to 50% off their favorite Fanttik products. In addition to the attractive discounts, once they sign up, they will have the chance to win attractive prizes! There will be four rounds of giveaways in this one-month campaign. The most popular Fanttik products and respective discounts are as follows:

  • Fanttik X8 Apex, available at $79.97 with 38% discount (originally $129.97): Fanttik’s flagship inflator, the X8 Apex has a maximum pressure of 150psi to satisfy a wide variety of inflation needs, from tires on cars, motorcycles, bicycles and more to recreational inflatables such as sports balls. Utilizing advanced technology and a powerful motor, X8 Apex boasts 50% faster inflation speeds when compared to other inflators with accuracy within ±1psi. The inflator takes five minutes to fill a single car tire with zero air pressure and has enough power to inflate six 185/65 R15 tires from 0 to 2.4bar when fully charged. X8 Apex also comes equipped with five preset modes for easy inflation: car, motorcycle, bicycle, ball, and custom, allowing you to get fast and safe inflation for the inflatables at all times. It also won the Red Dot Design Award and the highly coveted IF Design Award. It is also widely endorsed by Tesla owners on social media.
     
  • Fanttik X8, available at $59.97 with 40% discount (originally $99.97): Fanttik’s best-seller, the X8 provides powerful inflation and many of the same features as the premium X8 Apex but at a modest price point. Featuring a high-performance chip and 150psi high-pressure capacity, this powerful air compressor inflates fast. When fully charged, it can continuously inflate 7 motorcycle tires (110/70 R17) from 0-35psi, taking 2.5 minutes to fully inflate a motorcycle tire. The most exciting feature of the X8 is its attractive appearance. The form is pleasingly rounded and pebble-like, so it fits nicely in the palm of one’s hand so it’s convenient to be packed in a backpack as an adventurous companion. It has also been widely endorsed by motorbike enthusiasts on social media.
     
  • Fanttik T8 Apex, available at $84.97 with 50% discount (originally $169.97): Fanttik T8 Apex comes with a wide range of high-performance, high stability, and easy-to-use features, with a unique muscle car look that stands out from others in the family of products. With a dual-way type-C 65W high-speed output and a one-way USB-A 18W port, users can enjoy a 6X faster charge for recharging laptops, phones, and other devices. In addition, the T8 Apex can provide a 2,000A peak current allowing jump-starting up to 8.5L Gas / 6.0L Diesel vehicles when fully charged. It can achieve 50 times jump-start with its 4-cell 20,000mAh battery. T8 Apex has a forced start function for dead cars, safe and spark-free operation. T8 Apex is the best tool to jump-start a dead car battery on the side of the road. Reviewers have called it “a lifesaver” numerous times.
     
  • Fanttik EVO 300 Power Station, available at $229.97 with 22% discount (originally $359.97): Fanttik EVO 300 is a must-have backup for camping parties or road trips that demand numerous power connections and a reliable and long battery life. Weighing only 8.8lbs, the portable EVO300 stands out among many other portable power stations on the market for its massive 299Wh battery capacity, stable output with 9 DC/AC ports, large LCD interactive display, a solar panel for fast and green recharging, as well as a design with 12 safety features. In addition to the multiple protective features, EVO’s large LED lighting, SOS first-aid mode, and IP65 waterproof rating, contribute to its adaptability for diverse outdoor activities.

Purchase links:
https://fanttik.com/pages/fanttikday
https://www.amazon.com/stores/FANTTIK/page/35DA621D-2547-47DE-AC21-55DD1E4040AE?ref_=ast_bln

Going forward, Fanttik not only looks to keep delivering as a trailblazer in the industry but also bring state-of-the-art innovative products to the reach of customers from all walks of life with their modest pricing. They are determined to push the envelope of their slogan of “We explore, we innovate, and we make it happen” to even higher magnitudes in the coming years.

FANTTIK X8 APEX TIRE INFLATOR
FANTTIK X8 APEX TIRE INFLATOR

About Fanttik

Fanttik is a youthful dynamic brand, dedicated to outdoor and automotive products, that caters to every need for the perfect road trip. They believe that traveling is much more than simply going from point A to B, and their goal is to make every inch of every trip as enjoyable and as fulfilling as possible. They promote fun, safe, and fulfilling trips instead of vanilla commutes, be they day-to-day travels or outdoor adventures. They implement their products under the motto – “We explore, we innovate, and we make it happen.” They have earned the internationally revered Red Dot Design Award multiple times along with the prestigious IF Design Award. Their products have been reviewed by a myriad of esteemed YouTubers, such as Donut MediaSamcrac, and Silver Cymbal, to name a few. To learn more about Fanttik, please visit www.fanttik.com.

For more information, please visit: www.fanttik.com

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Boqii to Announce Fourth Quarter and Full Fiscal Year 2022 Unaudited Financial Results on June 6, 2022

SHANGHAI, May 27, 2022 /PRNewswire/ — Boqii Holding Limited (“Boqii” or the “Company”) (NYSE: BQ), a leading pet-focused platform in China, today announced that it will release its unaudited financial results for the quarter ended March 31, 2022, before the U.S. market opens on Monday, June 6, 2022.

Boqii’s management will hold an earnings conference call to discuss the financial results at 8:00 AM on Monday, June 6, 2022, U.S. Eastern Time (8:00 PM on Monday, June 6, 2022, Beijing/Hong Kong Time). Please dial in 15 minutes before the conference is scheduled to begin using numbers below.

Phone Number

International

1-412-317-6061

United States

1-888-317-6003

Hong Kong

852 800-963976

Mainland China

86 4001-206115

Passcode                   

3392253

A replay of the conference call may be accessed by phone at the following numbers until June 13, 2022.

Phone Number

International

1-412-317-0088

United States

1-877-344-7529

Replay Access Code  

3959264

A live and archived webcast of the conference call will be available on the Company’s investor relations website at http://ir.boqii.com/.

About Boqii Holding Limited

Boqii Holding Limited (NYSE: BQ) is a leading pet-focused platform in China. We are the leading online destination for pet products and supplies in China with our broad selection of high-quality products including global leading brands, local emerging brands, and our own private label, Yoken and Mocare, offered at competitive prices. Our online sales platforms, including Boqii Mall and our flagship stores on third-party e-commerce platforms, provide customers with convenient access to a wide selection of high-quality pet products and an engaging and personalized shopping experience. Our Boqii Community provides an informative and interactive content platform for users to share their knowledge and love for pets.

For investor and media inquiries, please contact:

Boqii Holding Limited
Investor Relations
Tel: +86-21-6882-6051
Email: ir@boqii.com

DLK Advisory Limited
Tel: +852-2857-7101
Email: ir@dlkadvisory.com

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[Editorial] Daily Driving the Chromebook Part 3: The Entertainment Powerhouse 

The last round of this editorial series we explored the working capabilities of the Chromebook. We also compared it a little bit to Android tablets to find that the Chrome OS is plenty robust as a tablet as well. There are some workarounds that we must get to while working with the Chrome OS remotely and even at home. But all is good, we are happy with it so far and it looks like we can live with it at work. 

There is an area where the Chrome OS lost out to both Apple’s MacOS and Microsoft’s Windows though. That area is gaming with the Chromebook. There is also a good reason we skipped entire weeks of the series. Steam has gone Alpha for Chrome OS. The bad news there is that not every Chromebook can support it. The good news is that the one we have, the Acer Chromebook Spin 713, can. So, we went on to try it out. 

Android Games on Chrome OS 

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Before we get to Steam, we do want to explore the native gaming capabilities of Chrome OS. There is no better way to do it other than through the Google Play Store, obviously. To be fair, while we did want to try the likes of PUBG Mobile or Mobile Legends Bang Bang, we only managed to download and install Pokémon Unite.  

At first it is a little odd, seeing a mobile game in a display that is many times the size of your smartphone. Playing it on a tablet is already a stretch, full screen on a laptop display is a whole other level. In this case we have a great 13.5-inch IPS display with a little over 2K resolutions on tap. 

The game looks vibrant and beautiful on the display with so many colours on offer. You can see that the game is not really meant to be on such a large display though with some pixels popping up. Still, the game is rather pretty on the laptop. 

The game is also made optimised for touch screens though, which also means you are also going to be using the touch screen control like you would on smartphones or tablets. Except, this thing weighs quite a lot more than a tablet, which also makes it a little unwieldy to play handheld. We put it on a table and turned it to a sort of tent, and off we go. 

Playing Android games on the Chrome OS is not perfect though. Most of the time, games developed for smartphones are optimised for a smartphone or tablet’s SoC. In this case, because the main hardware is a little different, the experience can be different. While Pokémon Unite works smoothly, and can be enjoyable for short periods of time, other games may not launch or might not even run properly. We ran into a problem trying to launch Pokémon Unite the first few times we tried running it. The issue resolved itself somehow and we got solid sessions out of it.  

Steam on Chrome OS? Really? 

Steam on Chrome OS is something that has been dreamt of for a while now. Ever since Chrome OS gotten mainstream, many have asked the question on whether Chrome OS can even be a proper gaming machine. Most of them packs good enough hardware to at least run non-triple AAA titles, so why not? 

The problem was, Steam was never available on Chrome OS before. Steam can run on most Linux interfaces though, with some tweaks. Even the upcoming Steam Deck is running on a version of Linux operating system. So why not on Chrome OS? 

The problem is more complex than it looks. You technically can port Steam to Chrome OS. You can also try running Windows games on the Chrome OS. But you are going to have to compromise on the experience.  

Before Steam was officially on Chrome OS (as we said, it is now on Alpha), the only workaround we saw to proper gaming with Steam on Chrome OS is to work with Steam Link. In that sense, you can technically play your PlayStation games on the Chrome OS with PlayStation’s Remote Play too. If not, the other alternative is cloud gaming, which we did not bother with. We did not try the PlayStation Remote Play too. 

We tried Steam Link with the Chrome OS though. We figured out how to hook up our PlayStation DualShock 4 controller to the Chromebook via Bluetooth. We installed  Steam Link from Google Play Store and we started gaming. 

First, Steam Link 

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As mentioned, Steam Link is like PlayStation Remote Play. You need to have a Steam account, a gaming PC with Steam running, the Steam Link app from Google Play Store, a good and stable internet connection, a game controller, and you are good to go. In the case of the Chromebook, you can even use your keyboard as the game input, if you so want. 

If you have used Steam Link on your Android smartphone, the experience on the Chrome OS is pretty much similar, albeit with a larger display available. Technically as well, with the Acer Chromebook 713, you get more resolutions to work with. Of course, the sort of resolution you get really depends on your host PC as well. In our case we successfully tested Need for Speed at 1440p resolution.  

There is a noticeable black bar, just because of the aspect ratio difference between the host PC and the Chromebook. It does not take away too much from the immersion or the gaming experience from the Chrome OS though. If you have a stable LAN connection on both devices, gaming on the Chromebook feels as natural as gaming on a proper gaming PC. In this case, you can easily pull up titles like GTA V, or Horizon Zero Dawn, use your Chromebook’s keyboard, attach a mouse device and play your games like they should be played. 

Then, We Tried Steam 

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Steam is technically still in its Alpha build for Chrome OS. To install Steam on Chrome OS takes a little bit of tinkering on Chrome OS’s settings itself. It required us to turn set the firmware settings to Developer Mode, which also means while you are getting the latest build of Chrome OS, there is a chance that it may be a little unstable.  

With a guide, the process is not too difficult as well, should be easy and quick enough to follow even for beginners. Still, you still want to be cautious to ensure you do not brick your device. As with anything that is experimental and in their Alpha builds, you want to take some caution. 

Once you get into the installation window though, the installation process feels and looks pretty much like you get on a regular PC. Even the Steam interface is exactly what you get on a PC, so you should be quite familiar with it. Of course, the difference is that you must start thinking about how much games you can install in the smaller storage space that the Chromebook has. In this case as well, we did not bother installing games like GTA V, because while the Chromebook might be able to run the game with little issues, you might not get a very good experience out of it. We stuck to Two Point Hospital, Undertale, and This War of Mine. 

Two Point Hospital launched, but it took a rather long time to do so. It also froze in the loading screen before it even gets to the main menu. After a while, it just crashed together with Steam. 

Then we tried Undertale which launched quickly. We could not get the window to resize or get it to post full screen to take advantage of the vast display of the Chromebook 713. The miniscule window means that we might not be able to enjoy the game very much, so we quit. 

This Was of Mine took a little longer to launch than Undertale. It works in the most part, but it did not offer very high FPS count. Graphics look good though, but because we tried to put the game to full screen, it got confused a little and the windowing messed up and we could not accurately click anything to play the game. It was bad, but there is potential to make the device enjoyable. 

The Other Stuff 

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Apart from gaming, the display is good for other stuff too. You can easily enjoy a good movie from Netflix or Amazon Prime Video if you so want to. You have the resolution, might as well put it to good use somewhere. At the same time, because they use clear glass on the display, colours pop and look rather vibrant. 

To be fair, it does not really matter what Chromebook you get, Netflix, Amazon Prime Video, and even Disney+ apps will easily work on them. If you prefer the web experience, just pop open Google Chrome and get to the said portals and you are good to go. The limitations are mostly on the hardware end, so it really depends on which Chromebook you got.  

For the Acer Chromebook Spin 713, while the display is gorgeous, the speaker experience is not the best. The dual speakers sound very tiny and unimpressive at all. We had to connect our Bluetooth speakers to it just to get a decent sound performance. That, or we resorted to using headphones. Since it is so similar to Android, you can even connect your wireless headphones and work with the accompanying smartphone app with it. The Sony headphones app is a good example of that.  

So, is Chrome OS a Valid Gaming Platform Now? 

While Steam Link ran nicely on the Google Chromebook, Steam itself is still a little choppy. Certain games might not launch at your first try. Some games will refuse to launch at all until you restart your Chromebook. Some of them launches, but never got anywhere past the loading screen. Their FPS count was rather low too when they launch (except for Undertale). In short, there is still a lot to do for the Chrome OS to be a gaming contender.  

More on Part 4 

We have covered the working and gaming aspects of the Chrome OS. So far, while we question the gaming aspect of it, we are sold with using the Chrome OS as an entertainment platform, especially when it comes to streaming contents. 4K contents, while a little over the top, shines on the display of this Chromebook. Yes, the speakers are not great, but that is a simple fix.  

We are quite sold with it being our primary remote working platform too. If you have read our part 2 of the editorial series, you would find that there are plenty of features on Chrome OS that could benefit a remote working environment. Phone Hub, while is not the most comprehensive phone companion app on a computing device, works well enough that it is currently, in our books anyway, the best Android companion app you can find today. The simplicity in its approach is also key to why we like it so much.  

In the next part of the editorial, we are wrapping up our entire month of experience with the Chromebook and the Chrome OS. We will tell you if the Chrome OS is worth a daily drive or not, in our books anyway. We will also break down things we like about the Chrome OS and things we do not like so much with the platform.  

In this case, stay tuned, maybe you might want to consider getting a Chromebook after this too. After all, it is the cheaper alternative compared to most Windows laptops packing the same hardware. In the meantime, let us know what you think about PC gaming on Chrome OS.  

PingPong enters partnership with BNP Paribas to expand acquiring service capabilities

NEW YORK, May 27, 2022 /PRNewswire/ — PingPong Payments, one of the world’s leading end-to-end payment solutions for global cross-border businesses, has entered into a partnership agreement for acquiring services with BNP Paribas, the largest European bank. PingPong Payments is the first cross-border payments company in the industry to support the EU’s DTC (Direct-to-Consumer) market, adding to their suite of innovative payment solutions.

As e-commerce enters into a new development cycle, independent online sellers and DTC models have become increasingly prevalent in a global e-commerce market expected to reach $5.5 trillion in 2022. Global DTC sales grew 17 percent year-on-year in 2021, and European e-commerce sales are set to almost double from 2019 to 2025, heralding an unprecedented opportunity for DTC brands and independent sellers to achieve record levels of growth.

BNP Paribas is a leading acquiring bank in Europe, with the Blue Card issued by the banking giant representing the most important payment brand in France. Since 2017, PingPong has partnered with the bank, supporting accounts, collections, payments, foreign exchange, among other services, to build upon their payments infrastructure.

“By establishing a more comprehensive partnership with BNP Paribas, PingPong Payments will be integrated into the mainstream European financial system, providing greater access to a variety of local payment methods, and helping merchants with acquiring needs in the EU to quickly expand to the local market”, VP Head of Global Institution Group, Aaron Xu stated.

Merchants can access PingPong’s platform directly or integrate via API, to process payments to vetted suppliers, collect and convert payments at lower costs, and provide more transparency through their closed-loop payments ecosystem. At present, PingPong can support online card payments for the top 5 card brands worldwide and local payment methods such as online banking transfers, various e-wallets and Buy Now Pay Later (BNPL).

“Based on BNP Paribas’ financial tools and infrastructure in the EU market, we will deeply integrate with PingPong’s digital platform, risk control system and other fintech capabilities to help merchants conduct cross-border businesses with lower costs, higher success rates and lower payment risks.” BNP Paribas stated.

PingPong Payments is one of the few companies to have obtained the European EMI (Electronic Money Institution) license in Luxembourg, and is qualified to provide services such as payment, prepaid cards, acquiring, and e-wallets in the EU market. Xu also states, “Based on our innovative payment technology and global licenses, we will soon release a one-stop digital payment service worldwide, including the EU. With these features, we will accelerate the globalization of SMEs, creating greater opportunities for businesses to scale internationally and expand beyond borders.”

About PingPong Payments

PingPong Payments was founded in 2015 with the mission of helping global e-commerce sellers keep more of their profits, by beating the rates traditional banks offer. The company acts as a multi-dimensional growth partner to more than (1 million online sellers) worldwide: it has processed more than $90 billion in cross-border payments for e-commerce merchants to date, and transfers more than $150 million a day on behalf of international e-commerce sellers. Global merchants around the world trust PingPong Payments to help them save on cross-border payments, VAT and supplier payments, and more. PingPong works with reputable brands such as Citibank, J.P. Morgan and Wells Fargo that have won licenses to operate efficiently and are being subject to strong regulatory and supervisory frameworks across the U.S., Europe and Asia.

About BNP Paribas

BNP Paribas is the European Union’s leading bank and a key player in international banking. It operates in 65 countries and has nearly 190,000 employees, including nearly 145,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Turkey, Eastern Europe as well as via a large network in the western part of the United States. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.

BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group’s performance and stability.

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CAMX Power LLC Announces Transfer of GEMX® Cathode License from Johnson Matthey to EV Metals Group


LEXINGTON, Mass., May 27, 2022 /PRNewswire/ — CAMX Power LLC (CAMX) announces it consented to Johnson Matthey Plc (JM) transferring its GEMX® and CAM-7® cathode license to EV Metals Group Plc (EVM). JM had previously obtained the license from CAMX, practicing it in its cathode business. JM has made the license part of the sale of its cathode business to EVM.

“When JM announced its exit from this sector in November 2021, CAMX was informed that the decision was based on JM’s strategic and financial considerations and that the markets had actually reacted positively to the eLNO® cathode offer.  The JM press release of today confirms this, bolstered by JM’s retention of an equity interest in EV Metals  https://www.evmetalsgroup.com, and also linking eLNO to the GEMX and CAM-7 platforms” said Dr. Kenan Sahin, Founder/President of CAMX.

Johnson Matthey announces sale of Battery Materials – matthey.com which in part states:

The sale also includes Johnson Matthey’s eLNO® technology, underpinned by the GEMX® and CAM-7® cathode platforms that the company licensed from CAMX. EV Metals Group will continue to develop eLNO, building on the successful customer testing programme that Johnson Matthey had undertaken.”

He continued, “Since the cathode is nearly 50% of the Lithium-ion cell cost and half of that is for metals and since EV Metals already has operations in and access to the key battery metals including Lithium, it is ideally positioned to be a competitive major supplier of the best in-class cathode material that eLNO is to the European markets where demand is extraordinarily high with key OEMs now having fully embraced EVs.”

CAMX has extended its GEMX cathode platform, based on its globally patented grain boundary engineering inventions, to popular high Nickel chemistries, enhancing performance while lowering Cobalt. CAMX teams have created specific cathode products complete with precursor formulations which have been branded and include gNMC™, gNMCA™, gNCA™. With the GEMX license, EV Metals now gains immediate access to all these product families based on GEMX platform. 

“EV Metal’s pCAM (precursor for Cathode Active Material) business that moves Nickel and Lithium downstream, resolves precursor availability as a choke point in the supply chain. As a unique metals-to-pCAM-to-CAM supplier and with its deep financial resources, EV Metals is well poised to quickly complete and expand the cathode plants it has acquired from JM, and become a major cost-competitive cathode producer in short order.” opined Sahin.

Samsung SDI and more recently LG Energy Solution are other licensees of the GEMX platform, and have already incorporated GEMX derived cathodes in some of the batteries they make. These two companies together account for 30% of global LIB sales. 

Sahin concluded, “It is anticipated that EV Metals and CAMX will collaborate closely which CAMX aims to do with all its licensees as part of its technology development and transfer model. Our expectation is key members of the JM cathode business management team will also move to EV Metals, making the transition from JM to EV Metals much easier and collaboration with CAMX more effective. We have worked with the JM team across many years and have no doubt that, with their addition to the EV Metals team, the EV Metals cathode business will rapidly be a major global supplier.”

CAMX maintains comparable development and scale-up facilities in Massachusetts including a cathode pilot plant and cell making facilities to quickly evaluate different cathode formulations in actual cells together with other components like anodes for optimal fit. All this will complement EV Metals’ activities and facilities.

About CAMX Power 
CAMX Power, a major lithium-ion battery material and design company in the U.S., matures promising technologies in targeted domains to be de-risked, IP-protected and scaled-up; then licenses them, with deep technology transfer, to large manufacturing partners. Its leading offer, developed across several decades, is the globally patented GEMX® cathode platform which improves all Nickel based cathodes and lowers Cobalt thus significantly enhancing emobility™ and eportability™ energy storage products by cell and material makers. Samsung SDI and LG Energy Solution are among the other GEMX licensees.

For more information: www.camxpower.com

About Dr. Kenan E. Sahin 
Dr. Kenan E. Sahin is Founder/President of CAMX and the Founder/Chairman of TIAX LLC, from which he spun off CAMX in 2014. Previously he had founded Kenan Systems, grew it to 1,000 staff in six countries with its key offer Arbor/BP as a telecommunications billing platform. In 1999, he sold Kenan Systems to Lucent/Bell Labs, and served as a VP of Technology at Bell Labs. Lucent renamed Arbor/BP as Kenan/BP which it eventually sold. Kenan/BP (originally based on AI and Big Data) now processes over one billion telecommunication subscribers globally, by far the largest of its kind. Dr. Sahin founded and grew all three companies with his own funds.

He is life member emeritus of the MIT Board, previous member of Argonne National Lab Board, and serves on other non-profit Boards such as the Boston Symphony Orchestra. He was an academic at MIT, Harvard and the University of Massachusetts in Amherst. His inventions, patents, publications, and contributions cover a broad range.  He is the recipient of the congressionally recognized Ellis Island Medal, the World Economic Forum Technology Pioneer award and other awards. He has BS and PhD degrees from MIT. https://en.wikipedia.org/wiki/Kenan_Sahin?wprov=sfti1

Media enquiries
Terry Lundstrom 
Lundstrom.Terry@camxpower.com 
+1 978 484 5000

Singapore to host largest tech event since reopening of its borders

Asia Tech x Singapore is set to attract more than 12,000 global leaders and industry players as they gather to discuss emerging tech issues and opportunities in Singapore

SINGAPORE, May 26, 2022 /PRNewswire/ — From 31 May to 3 June, Singapore is hosting Asia Tech x Singapore (ATxSG), Asia’s flagship technology event that convenes global leaders and decision-makers across the technological ecosystem to debate and address opportunities and challenges as the world taps into the potential of digital to power the next bound of global economic growth while building an inclusive digital future.

ATxSG is headlined by the exclusive invitation-only ATxSummit to be held at The Ritz-Carlton, Millenia Singapore on 31 May, where Mr. Heng Swee Keat, Singapore’s Deputy Prime Minister and Coordinating Minister for Economic Policies will be the Guest of Honour. With a powerhouse line up of more than 50 speakers and some 2,000 guests from government, business and industry, the event will see robust discussion on a wide gamut of topics such as quantum computing, metaverse, and sustainability for a green digital future. On the same evening, Mr. Teo Chee Hean, Singapore’s Senior Minister and Coordinating Minister for National Security, will be the Guest of Honour for the inaugural ATxSummit Social – an exclusive, by-invitation-only dinner for the Summit’s speakers and guests.

The line-up of speakers includes Mrs. Josephine Teo, Singapore’s Minister for Communications and Information, Guest of Honour for the ATxAI Conference (1 Jun), as well as a panellist at ‘Trust in the Digital Economy’ (31 May) and ‘Changing Roles of Women in Tech (1 Jun) and Mr. Ong Ye Kung, Singapore’s Minister for Health, who will be speaking at a panel session on ‘Rethinking Healthcare Within a Digital Landscape’. They will be joined by Ministers from Brazil, Estonia, European Commission, Indonesia, Malaysia, Mongolia and the United States. ATxSG will also host senior executives from the world’s biggest and fastest-growing technology companies such as Amazon Web Services, Epic Games, Google, IBM, Microsoft and Ping An Group.

“Digital and tech brings many opportunities but also challenges. That impact is felt at the intersection of Tech and Governance, Tech and Businesses, and Tech and Society. This involves building a trusted digital environment, creating economic growth, seeding innovations, and tackling society’s pressing problems. It is therefore key to bring together thought leaders across these domains, to shape that shared digital future,” said Mr. Lew Chuen Hong, Chief Executive, Singapore’s Infocomm Media Development Authority.

ATxAI and ATxInspire: Women in Tech

On 1 June, ATxSG will feature ATxAI conference that will look at the future of AI technologies, trust in AI, and how AI can be leveraged for social good. On the same day, participants at ATxInspire will hear from distinguished female leaders in the technology space. They will share their views on how to bolster the progress of women professionals in the industry while promoting greater diversity across the tech workforce. The panellists include Mrs. Josephine Teo, H.E. Bolor-Erdene Battsengel, Mongolia’s Secretary of State, Ministry of Digital Development and Communications, H.E. Makishima Karen, Japan’s Minister for Digital, Ms. Jessica Tan, Co-CEO of Ping An Group and Ms. Kathy Baxter, Principal Architect, Ethical AI practice at Salesforce.

At the side-lines of ATxSG, Mr. Tan Kiat How, Singapore’s Minister of State for Communications and Information, will be giving the keynote address as Guest of Honour at the Founders Forum (31 May), and Ms. Rahayu Mahzam, Singapore’s Parliamentary Secretary will be giving the keynote address at the InnovFest x Elevating Founders (ATxImpact) (1 Jun) as Guest of Honour.

ATxEnterprise and ATxImpact

ATxSG will showcase two popular segments: ATxEnterprise and ATxImpact, organised by Informa Tech, scheduled from 1 to 3 June, at the Singapore EXPO. Spanning 3 halls of more than 500 exhibitors from 32 countries/regions and 200 conference sessions featuring more than 350 speakers.

The three-day event will see more than 10,000 attendees and business leaders from across Asia’s Tech, Media, Telecoms and Start-up ecosystem convene in Singapore for a long-awaited return to in-person events.

The ATxEnterprise Headliners will kick-off the event with Dr Janil Puthucheary, Singapore’s Senior Minister of State, Ministry of Communications and Information & Ministry of Health, Singapore, delivering the opening address on 1 June, at 9.30am.

Tony Blair, former Prime Minister of Great Britain and Northern Ireland, and Executive Chairman of the Tony Blair Institute for Global Change, will also join virtually to deliver a keynote on Supporting Global Change through Technology.

ATxEnterprise, the flagship collection of industry events at ATxSG, features BroadcastAsia, CommunicAsia, SatelliteAsia, and TechXLR8Asia, led by top sponsors Huawei, NCS and Singtel. ATxImpact featuring InnovFest x Elevating Founders, organised in partnership with NUS Enterprise, the official start-up event of ATxSG, and largest gathering of its kind in the region, brings together more than 100 promising regional start-ups, and top names in venture capital.

“Boasting a strong line-up of renowned speakers and over 500 exhibitors from various industries including business, technology, and telecommunications, we are excited to partner with IMDA for this year’s ATxSG, the first to be conducted physically. We look forward to insights and conversations across business, tech and government leaders that will shape our shared digital future,” said Mr. Tom Cuthell, Vice President of Festivals, Informa Tech.

For more information on ATxSG, please visit: asiatechxsg.com.

Members of the media are encouraged to register for their press badge here.

About the Infocomm Media Development Authority (IMDA)

The Infocomm Media Development Authority (IMDA) leads Singapore’s digital transformation by developing a vibrant digital economy and an inclusive digital society. As Architects of Singapore’s Digital Future, we foster growth in Infocomm Technology and Media sectors in concert with progressive regulations, harness frontier technologies, and develop local talent and digital infrastructure ecosystems to establish Singapore as a digital metropolis.

About Informa Tech

Informa Tech is a market leading provider of integrated research, media, training and events to the global Technology community. We’re an international business of more than 1,000 colleagues, operating in more than 20 markets. Our aim is to inspire the Technology community to design, build and run a better digital world through research, media, training and event brands that inform, educate and connect. Over 14,000 professionals subscribe to our research, with 225,000 delegates attending our events and over 18,000 students participating in our training programmes each year, and nearly 4 million people visiting our digital communities each month.

This flagship event joins Informa Tech’s portfolio of global tech festivals including London Tech Week and Africa Tech Fest. Hosted in thriving innovation hubs, these global events aim to unite the tech ecosystem to inspire impactful innovation, building a better digital world for both business and society. 

About the Singapore Tourism Board

The Singapore Tourism Board (STB) is the lead development agency for tourism, one of Singapore’s key economic sectors. Together with industry partners and the community, we shape a dynamic Singapore tourism landscape. We bring the Passion Made Possible brand to life by differentiating Singapore as a vibrant destination that inspires people to share and deepen their passions.

For media queries, please reach out to:
Sangeetha Kannan, OPRG for IMDA
Tel: +65 8769 5324 | Email: sangeetha.kannan@omnicomprgroup.com

Myra Kheng, TEAM LEWIS for Informa
Tel: +65 9228 6066 | Email: myra.kheng@teamlewis.com

APPENDIX: ATxSG – Line-up of Key Events

ATxSummit, 31 May

By invitation only. Policy makers, regulators, and industry leaders will debate and share insights on the opportunities and challenges as the world seeks to redefine technology for a shared digital future. Discussions will span across four overarching pillars – Tech x Trust, Tech x Good, Tech x Builders, and Tech x Creative. 

Key Panels and Speakers

Trust and the Digital Economy

Mrs Josephine Teo, Singapore’s Minister for Communications and Information and Mrs Gina M Raimondo, USA’s Secretary of Commerce, Dept of Commerce will discuss the exponential growth and potential in the digital economy, how governments can work together, instil the right foundation and frameworks for a safe and inclusive growth. 

Digital Innovation Across Borders

As the digital domain is borderless and the world is more interlinked than ever before, learn how conglomerates and SMEs can collaborate across geographical boundaries amidst increasing tech contestation. 

  • H.E. Airlangga Hartarto, Indonesia’s Coordinating Minister for Economic Affairs, Indonesia
  • H.E. Bolor-Erdene Battsengel, Mongolia’s Secretary of State, Ministry of Digital Development and Communications
  • Mr Jean-Philippe Courtois, Exec VP & Pres. National Transformation Partnerships, Microsoft
  • H.E. Margrethe Vestager, Executive VP & Commissioner for Competition; Chair, Commissioners’ Group on a Europe Fit for the Digital Age (European Commission)

Rethinking Healthcare Within a Digital Landscape

How digital healthcare has taken a new life with new healthcare trends such as telemedicine, contact tracing and health applications.

  • Mr. Ong Ye Kung, Singapore’s Minister for Health
  • H.E. Khairy Jamaluddin, Minister for Health, Federal Gov’t of Malaysia
  • Mr. Edwin Basuki, Chief Financial Officer, Doctor Anywhere
  • Ms Jessica Tan, Co-CEO, Ping An Group

Unpacking the Metaverse

A convergence between the physical and the virtual, learn how real use-case applications that will generate new market opportunities in the Metaverse.

  • H.E. Sandiaga Uno, Indonesia’s Minister for Tourism and Creative Economy
  • Ms Christel Quek, Co-Founder and CTO, BOLT
  • KC Choi, EVP and GM, Global Mobile B2B/G, Mobile Experience, Samsung Electronics
  • Mr Quentin Staes-Polet, Managing Director, EMEA, ASEAN & India, Epic Games

For more information on the exciting line-up of speakers, please visit asiatechxsg.com/agenda/ 

ATxAI, 1 June

Guest of Honour, Mrs. Josephine Teo, Singapore’s Minister for Communications and Information will explore with government, business, and industry leaders on the future of AI, how to demonstrate trust in AI, how to leverage AI for social goods, as well as exploring the practical applications of AI. 

Speakers include: 

  • Blaise Aguera y Arcas, Engineering Fellow at Google
    • An authority in computer vision, machine intelligence, and computational photography.
    • Blaise is a regular presenter at TED with presentations that have been rated some of TED’s “most jaw-dropping”.
  • Hiroaki Kitano, CEO of Sony AI
    • Japanese Scientist and Professor
    • He is active in many international organisations (e.g., Founding President of the RoboCup Federation, Member of the AI & Robotics Council (2016-2018), and Quantum Computing Council (2019-2020) of The World Economic Forum
    • Renowned speaker in global AI and AI governance conferences 
  • Kathy Baxter, Principal Architect, Ethical AI Practice
    • Renowned in the AI governance sector and develops research-informed best practice to educate Salesforce employees, customers, and the industry on the development of responsible AI

ATxImpact, 1 to 3 June

ATxImpact will feature InnovFest x Elevating Founders Asia, showcasing more than 100 start-ups from around the region.

InnovFest x Elevating Founders Asia is the official start-up event of Asia Tech x Singapore and is organised by NUS Enterprise in partnership with Informa Tech’s dedicated programme for start-ups and scale-ups. With the aim to nurture start-ups and promote entrepreneurship in the region, it brings together the start-up ecosystem from across Asia and the globe, as well as exciting new technologies and ideas. The event will give tech start-ups exclusive access to curated investors and the enterprise marketplace and provide attendees with the latest insights and trends in the innovation space. 

Participants can look forward to panels on ‘Cooling Singapore 2.0: Building a Digital Urban Climate Twin’ and ‘Beyond the Hype – Securing the Metaverse’ where speakers from start-ups convene to discuss newest developments and emerging trends within the tech ecosystem.

Some speakers include: 

  • Assoc Prof Keith Carter, Associate Professor School of Computing & Director, NUS FinTech Lab [Topic: Beyond the Hype – Securing the Metaverse]
  • Lily Wu, Startup Partner Lead, SEA – Stripe [Topic: Entering a new age: the Web3 revolution]
  • Professor Lawrence Loh, Director, Centre for Governance and Sustainability, NUS Business School, National University of Singapore [Topic: Sustainability and ESG: Beyond the Hypes and Hopes for Innovation]
  • Jaclyn Seow, Head of ESG and Impact, Openspace Ventures [Topic: Beyond the romanticism of Impact Investing] 

Ms Melin Lim, Senior Director, Urban Food Solution Division, Singapore Food Agency [Topic: A Sustainable Approach to Secure Singapore’s 30 by 30 vision through Agritech] 

ATxEnterprise, 1 to 2 June

ATxEnterprise will feature BroadcastAsia, CommunicAsia, SatelliteAsia, and TechXLR8Asia. It will include exhibition marketplaces and conferences focusing on telecommunications, broadcast and media, satellite and enterprise solutions.

The ATxEnterprise conferences will feature new dedicated tracks on Cyber Security, IoT, Cloud & Cloud, as well as the inaugural Asia Satellite Business Week in partnership with Euroconsult. The event will explore the landscape for Singapore’s quantum initiatives; whether Singapore is truly on the right part to become a smart city; and what the future holds when investing in tech within Asia’s finance sector. 

Some of the headliner speakers include:

  • Anna Gong, Founder and CEO, Perx Technologies [Topic: Is Technology the Cause of Workforce Problems or the Solution?]
  • Aliza Knox, Senior Advisor, Boston Consulting Group [Topic: Is Technology the Cause of Workforce Problems or the Solution?]
  • Dr Cathy Foley, Chief Scientist of Australia [Topic: Tech Tools for Biodiversity]
  • Pierre Gaudreault, President, Asia Region, Emerging Markets, Pfizer Biopharmaceuticals Group [Topic: Transforming Health Tech in Asia]
  • Loh Boon Chye, CEO, Singapore Exchange [Topic: Investing in Tech — What Does the Future Hold?]

BenQ Launches World’s First Portable LED Projector, the GV30 in Malaysia

Having a projector at home makes a lot of sense. With enough surface area, you can have an entertainment display that is usually larger than regular TVs you find today. You can usually resize and change the placement of your projector at any time you want. You can stow it away too when not in use to have a much cleaner looking surface free of a blank TV screen. You can even use the projector at any flat surface you have in your home, which also means you can set up your entertainment hub anywhere in the home.

Obviously, there are some trade-offs. 4K resolution projectors are usually quite large and bulky, you hardly want to move them too much. To get the best sort of colours, you want an LED projector too, which also lasts long. Most of the LED projectors are not really made with portability in mind too though. Unless you go for BenQ’s GV30 projector, that is.

The BenQ GV30

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The BenQ GV30 is the world’s first smart portable LED projector of its kind. It packs powerful 2.1-channel speakers as well so that you do not need to carry around a separate speaker set to get great audio anywhere you set the projector up. At the same time, the projector also offers up to 300 ANSI Lumens in projection brightness and up to 720p HD resolution at that. Colours should not be an issue too with CinematicColor and Rec. 709 colour gamut capabilities.

The LED light source is supposed to last up to 30,000 hours with minimal drop in brightness. Of course, it has multiple ports to sport all sorts of input like game consoles, smartphones, PCs, Blu-ray players, and even USB sticks. You do not need to carry a power cord with the projector as well, there is a built-in battery that allows you to use it anywhere with no fussy cables.

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You may not even have to plug anything to the portable projector. It comes with Android TV onboard which also means that you can operate it like a TV without any other inputs. You can directly download apps from Google Play store and stream movies on your favourite streaming platforms like Netflix, Amazon Prime Videos, or even Disney+. If you wish so, you can even stream contents directly from your iOS or Android devices.

Price and Availability

BenQ Pre Order

The BenQ GV30 will be available June 2022 onward via BenQ’s official stores on Shopee and Lazada. You can also get your hands on one via BenQ’s official retailers across the nation. It will retail for MYR 2,688. If you do pre-order your BenQ GV30 projector between the 20th of June 2022 and 4th of July 2022, you can get your hands on one at an exclusive price of MYR 2,499. For more information on the BenQ GV30 mini portable LED projector, you can visit their website.

AUTOCRYPT closes Series B with $25.5 million to expand V2X and in-vehicle systems security for intelligent transport

SEOUL, South Korea, May 26, 2022 /PRNewswire/ — AUTOCRYPT, a leading secure mobility and V2X communications company, has raised a $25.5 million Series B round, with post-money valuation of $120 million. Leading backers included Korea Asset Investment Securities, Ulmus Investment, BSK Investment, Shinhan Venture Investments, JB Asset Management, STIC Ventures, Pathfinder H, and Hyundai Venture Investment. 

In 2020, the company closed its Series A round with $15 million and began its Series B round in late 2021 with the goal to expand its V2X offerings globally. Establishing subsidiaries in Toronto, Canada and Munich, Germany, AUTOCRYPT is quickly growing its foothold in Europe and North America, with plans to open its Singapore office later this year.  

CEO and co-Founder Daniel ES Kim said in a statement regarding the funding round, “We’re proud of AUTOCRYPT’s progressive growth, and believe the investments are a reflection of the tremendous amounts of effort we have put into cultivating relationships in this rapidly changing industry of connected mobility.”  

Kim continued regarding AUTOCRYPT’s plans for the next year, remarking, “We believe secure V2X will be the key to wider adoption of autonomous driving – this means implementing secure V2X connectivity in not just vehicles, but roads, infrastructure, but also pedestrian devices.” Kim refers to AutoCrypt SCMS, a tri-standard compliant PKI for message verification across all types of end-entities in the V2X environment. 

AUTOCRYPT is currently in talks with several public agencies across the globe to implement its V2X security and SCMS for C-ITS projects. AUTOCRYPT already manages security and PKI for all C-ITS projects on the Korean peninsula. 

Besides its advancements in V2X security, AUTOCRYPT has also added Security Analyzer™ and Security Fuzzer™ to its in-vehicle systems security solution. Security Analyzer is an SBOM-based software vulnerability analysis platform, protecting vehicle software throughout its entire lifecycle, while Security Fuzzer effectively detects software flaws through smart fuzzing. Both tools are essential for today’s increasingly software-oriented E/E architecture. The company also plans to showcase its newest Plug&Charge (PnC) and EV-related offerings in Oslo at the 2022 International Electric Vehicle Symposium & Exhibition (EVS35).  

About AUTOCRYPT 

AUTOCRYPT is the leading player in automotive and smart mobility technologies, paving the way for C-ITS and autonomous driving through a multi-layered, holistic approach. Through security solutions for V2X, V2G (including PnC security), in-vehicle systems, and fleet management, AUTOCRYPT ensures that security is prioritized before vehicles hit the road. For more information, contact global@autocrypt.io.